The number of M&A deals targeting UK financial advisers and wealth managers has risen 11 percent from 398 to a record high of 440 in the past year, data from international law firm Mayer Brown showed.
The trend for M&A deals for IFAs is being driven in large part by private-equity backed consolidators, the research found. These firms have been active in acquiring smaller IFAs over recent years as they seek to build major platform businesses in the sector.
Accordi...
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